Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$353,447$353,447$472,410
Remaining term (yrs)26.026.030.0
Secondary amount$0$118,963$0
Funding fee$0$0$0
Note rate5.130%5.130%7.400%
Blended rate5.980%6.489%7.640%
1st payment$2,050.46$2,050.46$3,270.87
2nd payment$0.00$793.09$0.00
Taxes / mo$166.42$166.42$166.42
Insurance / mo$166.67$166.67$166.67
MI / mo$266.60$266.60$94.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,650.14$3,443.23$3,698.44
Cash to close$171,453$52,490$52,490